Choice Hotels (CHH) Expands in Colorado With New Hotel Opening

Choice Hotels International, Inc.‘s CHH Cambria brand recently announced the addition of the Cambria Hotel Copper Mountain in Colorado. This marks the brand’s third property in the region, joining the likes of Fort Collins and Denver International Airport.

Located in the heart of the Rocky Mountains, the six-story (127-room) upscale hotel provides guests access to fitness centers, on-site dining and multi-function indoor-outdoor meeting spaces. It also offers convenient access to a wide range of winter and summer outdoor activities, including MTB trails and Vail Pass. The property is in close proximity to leisure attractions such as the Leadville, Vail and Lake Dillon.

The company stated the integration of the property with the Choice Privileges loyalty program, which allows customers to earn and redeem points for reward nights. This includes properties from its existing coverage of 7,400 hotels (or 22 brands) located in 45 countries and territories worldwide. The company is upbeat about the property opening and believes it will drive growth in the upcoming periods.

More Focus on Cambria Brand

The Cambria Hotels brand has been the company’s major growth driver. Cambria significantly outperformed the upscale soft brands (and the segment on the whole) in terms of year-over-year RevPAR change. The brand has been well received on account of smart-conversion opportunities.

The company stated operations at more than 68 Cambria hotels with operations in Chicago, Los Angeles, Washington, DC, Nashville and Phoenix. During first-quarter 2023, the company’s domestic hotel openings increased 14% year over year.

Backed by solid consumer confidence and the attractiveness of Choice Hotels value proposition, the company anticipates boosting the revenue intensity of its system by adding more properties. The company stated that it has added almost 70 hotels in the pipeline.

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In the past three months, shares of Choice Hotels have inched up 0.6% compared with the industry’s 1.2% growth.

Zacks Rank & Stocks to Consider

Choice Hotels currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Zacks Consumer Discretionary sector are as follows:

Royal Caribbean Cruises Ltd. RCL sports a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 26.4%, on average. Shares of RCL have surged 187.8% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Royal Caribbean Cruises’ 2023 sales and EPS indicates a rise of 48.7% and 162.9%, respectively, from the year-ago period’s levels. Group Limited TCOM flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 147.9%, on average. Shares of TCOM have increased 24.8% in the past year.

The Zacks Consensus Estimate for Group’s 2023 sales and EPS implies an increase of 101.6% and 531%, respectively, from the year-ago period’s levels.

OneSpaWorld Holdings Limited OSW carries a Zacks Rank #2 (Buy). OSW has a trailing four-quarter earnings surprise of 65.8%, on average. Shares of OSW have increased 64.8% in the past year.

The Zacks Consensus Estimate for OSW’s 2023 sales and EPS indicates a rise of 33.9% and 89.3%, respectively, from the year-ago period’s levels.

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